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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Revenues $ 1,984,164 $ 1,538,271 $ 5,501,839 $ 4,577,863
Costs and expenses:        
Cost of sales 236,512 186,182 656,813 533,199
Research and development expenses 493,751 493,497 2,356,814 1,362,953
Selling, general and administrative expenses 198,189 184,551 584,935 558,613
Change in fair value of contingent consideration 1,200 1,800 (1,100) 12,600
Total costs and expenses 929,652 866,030 3,597,462 2,467,365
Income from operations 1,054,512 672,241 1,904,377 2,110,498
Interest income 1,116 3,100 3,714 19,919
Interest expense (15,255) (13,856) (46,411) (41,863)
Other income (expense), net 42,368 84,386 (2,234) 139,621
Income before provision for income taxes 1,082,741 745,871 1,859,446 2,228,175
Provision for income taxes 230,813 78,437 287,456 120,718
Net income $ 851,928 $ 667,434 $ 1,571,990 $ 2,107,457
Net income per common share:        
Basic (in dollars per share) $ 3.30 $ 2.56 $ 6.08 $ 8.10
Diluted (in dollars per share) $ 3.28 $ 2.53 $ 6.03 $ 7.98
Shares used in per share calculations:        
Basic (in shares) 257,876 260,392 258,740 260,313
Diluted (in shares) 259,707 264,079 260,877 264,031
Product revenues, net        
Revenues:        
Revenues $ 1,984,164 $ 1,536,271 $ 5,500,839 $ 4,575,863
Other revenues        
Revenues:        
Revenues $ 0 $ 2,000 $ 1,000 $ 2,000